Iran Sentences Banker Criminals To Death Penalty

Perhaps this is one instance in which we could learn something from Ahmadinejad and company? Via the BBC:

Four people have been sentenced to death for their roles in Iran’s biggest-ever bank fraud scandal. Two other defendants received life sentences, while 33 more will spend up to 25 years in jail, the chief prosecutor was quoted as saying. The scandal involved forged documents reportedly used by an investment company to secure loans worth $2.6bn.

The case broke in September 2011 when an investment firm was accused of forging documents to obtain credit from at least seven Iranian banks over a four-year period. The money was reportedly used to buy state-owned companies under the government’s privatisation scheme.

As part of their probe, authorities froze the assets of an Iranian businessman thought to be the mastermind behind the scam. The BBC’s Sebastian Usher said the firm at the heart of the scandal had moved from a small start-up capital to being worth billions of dollars.

I disagree…its totally over the top…why is there such a lack of creativity in punishment? Why not strip them of the ability to work in that field and through a combination of fines force them into a life of poverty? Then they can work or find pity.

Yeah, death penalty seems too easy. These fucked-up countries have it right when it comes to justice. A life of hard labor seems more fitting. Our politicians talk tough about punishing fraud, but nothing ever gets done.

I don’t think so. The death penalty hasn’t shown too much effectiveness as a deterent for any crime in the U.S.

For the obvious reason that no one really believes that they’re going to get caught.

You could make the argument that violent crime is fundamentally different, since it’s typically committed in a highly emotionally charged atmosphere that precludes the type of considered calculations believed to underly white collar crimes. But it’d be a hard argument to win, because when you look at it, most white collar crimes are not really all that sophisticated–they’re often about simple, straight-up lies.

In any case, any country whose administration is opaque enough to be comfortable imposing the death penalty is almost certainly corrupt enough to allow for some successful bribery. Potential criminals won’t be disincentivised from crime as much as be encouraged to bribe the right people.

Its not like all the money is gone. Killing is over the top and should be used only for legit self defense in a situation that calls for action. I would make them work building homes for the less fortunate and maybe make them eat a super hot pepper with no drinks once a week, a ghost chili or something hotter like moruga scorpion butch T chili some of the hottest in the world, maybe once a day if they are not pleasant or suck at construction .